They seriously need to sort out the butcherbird mine.
Their plan is stated in their quarterly: 1. increase availability (uptime of the plant) 2. implement process improvements including DMS
But where are the numbers to show us how these two improvements will get it out of being an unprofitable mine? Will those two key improvements be enough?
Or will it always be unprofitable until we get HPMSM up and going?
Looking at the initial feasibility study and comparing to current manganese price - it seems it will only be ever so slightly above break even.
I like this stock a lot, I really want to buy more but at this point I can't really justify it
E25 Price at posting:
49.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)